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2004 SESSION

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SB 587 Title insurance; filing of documents with circuit court clerks.

Introduced by: R. Creigh Deeds | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Circuit court clerks; filing of documents. Allows an instrument conveying not more than four residential dwelling units to contain the name of the title insurance underwriter and the policy number or a statement that there is no title insurance or that the policy number is not available or is unknown. The bill also requires the appropriate agency (Virginia State Bar; the Real Estate Board, etc.) to notify registrants of this new provision.

SUMMARY AS PASSED SENATE:

Circuit court clerks; filing of documents. Allows an instrument conveying not more than four residential dwelling units to contain the name of the title insurance underwriter and the policy number or a statement that there is no title insurance or that the policy number is not available or is unknown. The bill also requires the appropriate licensing agency (Virginia State Bar; the Real Estate Board, etc.) to notify licensees of this new provision.

SUMMARY AS INTRODUCED:

Circuit court clerks; filing of documents. Allows a circuit court clerk to refuse to accept an instrument if the first page of the document does not contain the name of the title insurance underwriter and the policy number or a statement that there is no title insurance or that the policy number is not available or is unknown.